Ensogo Limited (ASX:E88) has been granted an ASX trading halt for the purpose of conducting a bookbuild prior to making a share placement.
The halt will last until the earlier of the announcement being made or the start of trading on Tuesday,
21st April 2015.
Ensogo is an online discount retailer for brands in Southeast Asia that sells excess inventory online.
It is backed by Vipshop (NYSE: VIPS), a US$16.8 billion market cap. which perfected the model in China.
Vipshop invested A$6.4 million for a 12.2% stake in Ensogo in February 2015 at $0.108 per share.
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